Author: Press Room

Unlock the White House Watch newsletter for freeYour guide to what the 2024 US election means for Washington and the worldThe euro is on track for its best week against the dollar since the global financial crisis, as investors bet that Germany’s historic fiscal stimulus will help power an economic recovery in the Eurozone. The single currency has climbed more than 4.5 per cent against the dollar this week, its biggest rise since 2009, on the prospects for a rebound in Europe just as Donald Trump’s aggressive trade policy raises concern over the health of the American economy. The lightning rally…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.JPMorgan Chase claimed to the UK financial regulator that it had evidence indicating former Barclays chief executive Jes Staley was involved in criminality related to sex offender Jeffrey Epstein’s convictions, a London court was told.The revelation highlights how Staley’s downfall at the helm of one of Britain’s biggest banks was triggered by the actions of the largest Wall Street lender, his former employer. Staley had a high-flying 30-year career at JPMorgan but he later fell out badly with the US bank led…

A South Carolina man convicted of killing his ex-girlfriend’s parents with a baseball bat in 2001 was executed by firing squad early Friday evening – a method used for the first time in 15 years in the U.S.Brad Sigmon, 67, was pronounced dead at 6:08 p.m. after being shot by three volunteer prison employees at the Broad River Correctional Institution in Columbia, according to the Associated Press.Sigmon, who previously admitted to killing the couple because his ex-girlfriend refused to get back to him, was blindfolded and strapped to a chair with a target on his chest. Brad Sigmon was convicted…

By Tara Deschamps The Canadian Press Posted March 7, 2025 7:10 pm 1 min read Descrease article font size Increase article font size Canada’s oldest retailer, Hudson’s Bay, says it has filed for creditor protection and intends to restructure the business. The department store company that dates back to 1670 said in a statement it has been facing significant pressures including subdued consumer spending, trade tensions between the U.S. and Canada and post-pandemic declines in downtown store traffic. Get weekly money news Get expert insights, Q&A on markets, housing, inflation, and personal finance information delivered to you every Saturday. The…

Tallon Griekspoor has upset top-seed Alexander Zverev 4-6 7-6 (7-5) 7-6 (7-4) in a marathon second-round clash at Indian Wells.The Dutchman collapsed on the court after converting his sixth match point to end an absorbing three-hour, seven-minute affair under sunny skies on Stadium One court.”I’m incredibly proud. It was such a mental battle to beat him,” Griekspoor said after claiming the win over the German, who had dominated their head-to-head matchups coming into the contest.”I beat him once but then lost the next six times so it was such a mental thing. Happy to finally get it out of the…

Jerome Powell, chairman of the US Federal Reserve, speaks during the University Of Chicago Booth School Of Business Monetary Policy Forum in New York, US, on Friday, March 7, 2025. Yuki Iwamura | Bloomberg | Getty ImagesNEW YORK — Federal Reserve Chairman Jerome Powell said Friday that the central bank can wait to see how President Donald Trump’s aggressive policy actions play out before it moves again on interest rates.With markets nervous over Trump’s proposals for tariffs and other issues, Powell reiterated statements he and his colleagues have made recently counseling patience on monetary policy amid the high level of uncertainty.The…

A Pentagon agency said on Friday that it had “temporarily suspended” the sharing of satellite imagery with Ukraine in accordance with orders from President Trump, the latest in a series of steps taken by the administration to pressure Kyiv into peace talks with Russia.The move, by the National Geospatial-Intelligence Agency, could shut off a vital window on the war for Ukraine, which has used satellite images purchased by the United States to track the movements of Russian troops and to assess damage to infrastructure on both sides of the long front line, according to a Ukrainian defense news agency.The Trump…

An NFL quarterback was spotted at the White House with President Donald Trump Friday. Atlanta Falcons veteran Kirk Cousins and Trump posed for a photo in the Oval Office that has since gone viral on social media. The picture, posted by Margo Martin, Trump’s special assistant and communications advisor, had the caption, “#18 [handshake emoji] #47.”The numbers represent Cousins’ jersey number and Trump being the 47th president of the United States. President Donald Trump arrives at an election night watch party at the Palm Beach Convention Center Nov. 6, 2024, in West Palm Beach, Fla. (Evan Vucci/AP)Trump wore a navy blue suit…

We live in time.We can both make time. Even double time. And we can also lose time.But it’s Congress and Presidents who control time.Politicians have the power to dictate time. Down to the hour and the minute of what time it is. That’s why we spring forward this weekend. And when you lose your hour of sleep, you know who to blame.No. Not DOGE.But Congress, of course.This dates back more than two centuries.TRUMP CALLS TO ‘ELIMINATE’ DAYLIGHT SAVING TIME: ‘VERY COSTLY TO OUR NATION’Article I, Section 8 of the Constitution grants Congress the power to “fix the Standard of Weights…

President Trump’s family business sued Capital One on Friday for “unjustifiably terminating” more than 300 of its bank accounts after the Jan. 6, 2021, attack on the Capitol, the latest sign that the president and his allies are seeking retribution against those who once shunned them.In a complaint filed in state court in Florida, the Trump Organization accused the bank of arbitrarily closing its accounts in June 2021 in violation of various consumer protection laws. The accounts held millions of dollars at the time, according to the lawsuit.“By filing this lawsuit, we seek to hold Capital One accountable for the…